archivePermissioned Blockchains

Richard Brown, CTO of banking blockchain tech venture R3, has declared that successful, large scale blockchain technology for the global financial sector will require architecture that is designed from scratch. Brown notes that banks currently have their own ledgers that result in duplication that is costly, leads to inconsistencies, and results...

Blockchain technology startup R3 has hired a high profile technology team tasked with developing advanced distributed ledger technologies and standards for global financial markets in partnership with a consortium of banks. The staffing news coincides with the addition of five more banks to R3’s distributed ledger initiative – BNP Paribas,...

Tech Bureau, the parent company of the Japanese Bitcoin exchange Zaif, has announced a low-cost solution for creating permissioned blockchains with assistance from developers from the NEM blockchain project. The goal of the solution, dubbed Mijin, is to permit financial institutions to reduce infrastructure costs by up to 1000% by 2018, according to...